Code:
Title: coinstore-mm
Name: coinstore-mm
Term: 1 Cycle
Cycle Amount: 33,399
Total Amount: 33,399
Author: Jeffrey
Receiver: Jeffrey
Address: D74ZpYDyd1fjTtTbdd1b1MnGUYhMSheSkA
Status: Active
Vote Hash: 76c84112fe5af0206ef7ff4d92ab2974a081bee17c1b4422852188c416ee5fd3Hi Pivians,
To keep pairs active with a populated orderbook exchanges require market making. This proposal will cover the market making for our PIVX/USDT pair on Coinstore for a period of 3 months. No additional liquidity is required simply payment for the MM services. Having an active MM provides liquidity, prevents spread and therefore prevents delistings.
Costs:
For a period of 3 months the total will be $6000 as given by the representative. After this period we can trial other Market makers (Which I am discussing with them as well as meeting other companies regarding this) or we can stick to this one should it be successful. Due to the nature of liquidity issues and volatility plus fees incurred during switching PIVX to USDT on SWAP sites I will ask for an additional 600 USD for this campaign. Should any remain after payment I will make it public here (USDT) and that can be used towards proposals that may not meet funding due to the constraints mentioned above.
Total = $6600
I will also be asking for my 50 PIV used for submitting this proposal bringing it to a total of
33,399 PIVX
Voting Details:
To Vote YES for this proposal:
Code:
mnbudgetvote many 76c84112fe5af0206ef7ff4d92ab2974a081bee17c1b4422852188c416ee5fd3 yes
Code:
mnbudgetvote many 76c84112fe5af0206ef7ff4d92ab2974a081bee17c1b4422852188c416ee5fd3 no